East Bay/Oakland office market reports

Q3 2022: Major tech companies that had expanded into the Oakland market pre-pandemic have reversed direction over the past couple of quarters. Hybrid and work-from-home trends continue to hamper office occupancy rates. However, Oakland saw less increase in availability overall due to professional services tenant makeup who are showing a greater return to the office versus tech.

- 248,252 sf

Net Absorption

As more companies decreased their office footprint to accommodate hybrid and remote-first workplaces net absorption reversed direction this quarter.
20.6%

Vacancy Rate

Vacancy continues an upwards trend for the twelfth consecutive quarter as unoccupied space increases across the East Bay.
6.2 msf

Available Square Feet

With several companies downsizing office needs or going fully remote, the amount of office square feet available to the East Bay market continues to build.
$4.41 psf

Average Asking Rate

Full service monthly Class A asking rents spiked in Q3 2022 due to a surge in available premium office space coming back onto the market.
25.9 msf

Inventory

Office inventory remained steady this quarter with no new office projects under construction.
$0m

Investment Volume

In Q3 2022, investment volume was non-existent as buyers remain on the sidelines awaiting clarity in the market.
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Your source for the latest East Bay/Oakland office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.

Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.

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After two and a half years of unprecedented disruption to how we work and live, companies across North America continue to grapple with uncertainty. What will the future of work look like? Are city downtowns regaining their pre-pandemic vitality? How will societal, cultural and environmental shifts shape the next normal?

Click here to view the new 2022 Vitality Index

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